Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Gate+0.175%7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$1221.223% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 4 days (all we have)−0.385%−$38 · spread now +0.175%, 7d avg −0.030%

Together, before fees−0.399%−$40 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.205% dearer against Gate than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BASED_USDT	0.06853	0.0100	pay 0.0050% / 4h	2h 20m	$539K	$600K	50x
Short	OKX BASED-USDT-SWAP	0.06865	0.0100	get 0.0050% / 4h	2h 20m	$2.7M	$3.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee OKXbpOrdersPrice spread, now +0.175%Rate

Funding earned: $0
Price spread: +0.175% → −0.030%: $20.52
Slippage, 4 orders: −$97.3
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$101.78
Costs to cover: 1.223%
Break-even: never at this rate

Slippage from Gate: live order book, 26 min ago; OKX: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 26 min ago	9.51 bp	37.4 bp −$37	6113.6 bp −$61.1K	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.73 bp	22.7 bp −$23	133.5 bp −$1,335	doesn't fit	doesn't fit

BASED on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BASEDUSDT	+0.0100%	4h	0.06857	+0.054%	$29K	$6K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06871	+0.257%	$4.2M	$3.2M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06853	0.000%	$2.1M	$699K	25x	as long as short
OKX BASED-USDT-SWAPshort	+0.0100%	4h	0.06865	+0.175%	$2.7M	$3.9M	20x
Gate BASED_USDTlong	+0.0100%	4h	0.06853	long leg	$539K	$600K	50x
MEXC BASED_USDT	+0.0100%	4h	0.06874	+0.306%	$4.9M	$534K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06846	−0.102%	$584K	$73K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06861	+0.117%	$1.3M	$384K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06851	−0.029%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06846	−0.098%	$94K	$10K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06816	−0.537%	$92K	$373K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06861	+0.117%	$1K	$922K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06867	+0.203%	$2K	$231K	5x	as long as short
BloFin BASED-USDT	+0.0144%	4h	0.06858	+0.073%	$261K	$49K	25x	as long as short
Orderly PERP_BASED_USDC	+0.0294%	4h	0.06863	+0.146%	$3K	$664	10x	as long as short